Form 4: Rubrik Chief Revenue Officer Brian K. McCarthy Executes Stock Transactions

Rubrik's Chief Revenue Officer, Brian K. McCarthy, acquired and disposed of company stock and stock units on December 17, 2024, according to a recent SEC filing.

Summary

• Brian K. McCarthy, Chief Revenue Officer of Rubrik, Inc., engaged in multiple transactions involving the company's stock on December 17, 2024.
• He acquired 62,500 shares of Class A Common Stock at $0, likely through the vesting of restricted stock units.
• He also sold 28,485 shares of Class A Common Stock at a price of $72.3391 per share.
• These sales were to cover tax obligations related to the vesting of restricted stock units.
• Additionally, McCarthy exercised 56,250 and 6,250 Restricted Stock Units (RSUs) which converted to Class B Common Stock, and then converted to Class A Common Stock.
• Following these transactions, McCarthy directly owns 346,560 shares of Class A Common Stock and 87,500 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment. It is a routine filing.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
• The transactions are typical for executives who receive stock-based compensation, often involving sales to cover tax obligations upon vesting.
• The price of $72.3391 per share is a specific data point for this transaction, and would need to be compared to the market price of Rubrik stock at the time of the transaction to assess if it was a fair market price.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but are generally considered routine insider activity.
• Shareholders can monitor these filings to understand insider trading activity.

Key Dates

Keywords

Rubrik, stock transactions, SEC Form 4, insider trading, Brian K. McCarthy, restricted stock units, Class A Common Stock, Class B Common Stock, Chief Revenue Officer